This property looks like a bad Mid-Term investment with a projected -4.97% first-year return on $100k initial cash invested.
-4.97%
Cash On Cash
5.55%
Cap Rate
0.86
DSCR
$3,225
Rent
-$414
Cashflow
Cash Flow
$3,225 income − $3,639 expenses = $414 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,100
Closing costs
1%
$3,905
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,225
Total Expenses
$3,639
Mortgage P&I
65%
$2,090
Property Taxes
10%
$330
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$387
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$355